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of <h1>Ramakrishna Sharda Mission exempted under Income-tax Act section 10(23C)(v) for 1993-96; must adhere to strict income rules.</h1> The Central Government has notified Ramakrishna Sharda Mission, Calcutta, under section 10(23C)(v) of the Income-tax Act, 1961, for the assessment years 1993-94 to 1995-96. The notification stipulates that the Mission must apply its income exclusively to its established objectives and restrict its investments to specified forms, excluding voluntary contributions like jewellery and furniture. Additionally, the notification does not cover income from business profits unless the business is incidental to the Mission's objectives and separate accounts are maintained.
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